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NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET FORECAST 2022-2028

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NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET FORECAST 2022-2028

The North America industrial alcohols market is anticipated to register a CAGR of 8.13% in terms of revenue and 9.79% in terms of volume, over the forecasted period of 2022 to 2028. The region’s market growth is attributed to factors like, technological advancements, the increased production as well as consumption of ethanol, and a substantial supply of corn.

NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET FORECAST 2022-2028

North America Industrial Alcohols Market by Processing (Fermentation, Synthetic) Market by Source (Molasses, Sugarcane, Grains, Other Sources) Market by Product Type (Isopropyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, Other Product Types) Market by End-user (Fuel, Chemical Intermediates & Solvent, Pharmaceuticals, Personal Care Products, Food & Beverages, Other End-users) and by Geography

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The North America industrial alcohols market is anticipated to register a CAGR of 8.13% in terms of revenue and 9.79% in terms of volume, over the forecasted period of 2022 to 2028. The region’s market growth is attributed to factors like, technological advancements, the increased production as well as consumption of ethanol, and a substantial supply of corn.
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The North America industrial alcohols market growth is studied by evaluating the United States and Canada. The United States represents one of the most technologically advanced and prominent economies, globally. The country surpassed Brazil, the world’s most extensive ethanol producer, in 2006. As a result, the United States is now the largest manufacturer of bioethanol, across the world, with the production rates continually increasing over time.

Although the chief feedstock for ethanol production in the country is corn, provisions for using other feedstocks have also been initiated by the United States government. Nevertheless, owing to the sufficient supply of corn, the crop continues to remain the leading feedstock for ethanol. In this regard, approximately 40% of the overall corn produced is used for ethanol production in the country. While the rates witnessed a plummet in 2016, the ratio was regained thereafter. On the other hand, the production of fuel ethanol in the United States has been augmenting over the last ten years, with the nation manufacturing nearly 16,100 gallons of ethanol for fuel, in 2018. Therefore, these factors are set to play an essential role in bolstering the country’s industrial alcohols market, during the forecast years.

Dow Chemical Company, headquartered in the United States, is a chemical product manufacturer. The company produces and markets electronic materials, agricultural products, advanced polymers, and transportation, among others. Moreover, its products are also used as raw materials, for manufacturing custom goods.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASED ADOPTION OF BIOFUELS AS AN ALTERNATIVE TO PETROLEUM
        • WIDE UTILIZATION OF ALCOHOLS IN MULTIPLE END-USER APPLICATIONS
        • RISING DEMAND FOR METHANOL
      • KEY RESTRAINTS
        • RISING PRICES OF RAW MATERIAL
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON INDUSTRIAL ALCOHOLS MARKET
      • KEY INVESTMENT INSIGHTS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY PROCESSING (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • FERMENTATION
      • SYNTHETIC
    3. MARKET BY SOURCE (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • MOLASSES
      • SUGARCANE
      • GRAINS
      • OTHER SOURCES
    4. MARKET BY PRODUCT TYPE (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • ISOPROPYL ALCOHOL
      • METHYL ALCOHOL
      • ETHYL ALCOHOL
      • ISOBUTYL ALCOHOL
      • BENZYL ALCOHOL
      • OTHER PRODUCT TYPES
    5. MARKET BY END-USER (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • FUEL
      • CHEMICAL INTERMEDIATES & SOLVENT
      • PHARMACEUTICALS
      • PERSONAL CARE PRODUCTS
      • FOOD & BEVERAGES
      • OTHER END-USERS
    6. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BASF SE
        • CARGILL INCORPORATED
        • CRISTALCO
        • DOW CHEMICAL COMPANY
        • EASTMAN CHEMICAL COMPANY
        • ECOLAB
        • EXXON MOBIL CORPORATION
        • GREEN PLAINS INC
        • GREENFIELD NORTH AMERICA INC
        • LINDE AG
        • LYONDELLBASELL INDUSTRIES NV
        • MGP INGREDIENTS INC
        • RAÍZEN ENERGIA
        • ROYAL DUCTH SHELL
        • SIGMA ALDRICH CORPORATION
        • THE ANDERSONS INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – INDUSTRIAL ALCOHOLS

    TABLE 2: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PROCESSING, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 3: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PROCESSING, FORECAST YEARS, 2022-2028 (IN KILOTONS)

    TABLE 4: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PROCESSING, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PROCESSING, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 7: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SOURCE, FORECAST YEARS, 2022-2028 (IN KILOTONS)

    TABLE 8: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SOURCE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 10: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 11: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2028 (IN KILOTONS)

    TABLE 12: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 13: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 14: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 15: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN KILOTONS)

    TABLE 16: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 17: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 18: WORLDWIDE PRODUCTION OF FUEL ETHANOL, 2014-2018 (IN MILLION GALLONS)

    TABLE 19: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 20: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2028 (IN KILOTONS)

    TABLE 21: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 22: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 23: LIST OF MERGERS & ACQUISITIONS

    TABLE 24: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 25: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 26: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: COUNTRY-WISE FUEL ETHANOL PRODUCTION, 2019 (IN MILLION GALLONS)

    FIGURE 2: KEY INVESTMENT INSIGHTS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, GROWTH POTENTIAL, BY PROCESSING, IN 2020

    FIGURE 7: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY FERMENTATION, 2022-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SYNTHETIC, 2022-2028 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2020

    FIGURE 10: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY MOLASSES, 2022-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY SUGARCANE, 2022-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY GRAINS, 2022-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY OTHER SOURCES, 2022-2028 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020

    FIGURE 15: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY ISOPROPYL ALCOHOL, 2022-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY METHYL ALCOHOL, 2022-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY ETHYL ALCOHOL, 2022-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY ISOBUTYL ALCOHOL, 2022-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY BENZYL ALCOHOL, 2022-2028 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 22: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY FUEL, 2022-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY CHEMICAL INTERMEDIATES & SOLVENT, 2022-2028 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PHARMACEUTICALS, 2022-2028 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY PERSONAL CARE PRODUCTS, 2022-2028 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY FOOD & BEVERAGES, 2022-2028 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA INDUSTRIAL ALCOHOLS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 29: UNITED STATES INDUSTRIAL ALCOHOLS MARKET, 2022-2028 (IN $ MILLION)

    FIGURE 30: CANADA INDUSTRIAL ALCOHOLS MARKET, 2022-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY PROCESSING (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • FERMENTATION
      • SYNTHETIC
    2. MARKET BY SOURCE (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • MOLASSES
      • SUGARCANE
      • GRAINS
      • OTHER SOURCES
    3. MARKET BY PRODUCT TYPE (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • ISOPROPYL ALCOHOL
      • METHYL ALCOHOL
      • ETHYL ALCOHOL
      • ISOBUTYL ALCOHOL
      • BENZYL ALCOHOL
      • OTHER PRODUCT TYPES
    4. MARKET BY END-USER (IN TERMS OF REVENUE: $ MILLION & VOLUME: KILOTONS)
      • FUEL
      • CHEMICAL INTERMEDIATES & SOLVENT
      • PHARMACEUTICALS
      • PERSONAL CARE PRODUCTS
      • FOOD & BEVERAGES
      • OTHER END-USERS

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